SBI to raise Rs 10,000 cr via debt in FY08

New Delhi, Apr 20 (UNI) Country's largest PSU bank, State Bank of India (SBI) will raise up to Rs 10,000 crore in debt during the current financial year.

It would issue bonds with a minimum maturity of more than 60 months as per RBI guidelines, through structured deals or by private placement or book building process, the bank said in a statement.

In addition, the bank will utilise the balance amount of Rs 1,285 crore out of Rs 5,000 crore approved in fiscal 2006-07, during the current fiscal for raising Upper, Lower Tier II subordinated debt.

UNI